INDIAN METALS & FERRO ALLOYS LTD.

Indian Metals & Ferro Alloys Ltd announced the commencement of hot metal tapping from the first furnace (KNR-1) at its greenfield ferro chrome expansion project in Kalinganagar. This marks a significant milestone following their earlier disclosure on July 24, 2026. Production volume is expected to increase gradually in the coming period. This expansion is poised to enhance the company's ferro chrome production capacity and market presence.

Indian Metals & Ferro Alloys Ltd has received an administrative warning letter from SEBI concerning trading activities by designated middle management personnel between October and December 2023. The trades were found to be in contravention of SEBI (Prohibition of Insider Trading) Regulations 2015. The warning letter was issued to the Company Secretary and Compliance Officer and received on August 4, 2026. The company has taken necessary actions to address SEBI's concerns. The SEBI letter is cautionary and does not impose any fines, penalties, or operational restrictions on the company.

Indian Metals & Ferro Alloys Ltd (IMFA) announced that its Board of Directors, in a meeting held on August 4, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The company reported revenue from operations of ₹763.29 crore and a profit before tax of ₹248.46 crore for the quarter. The Board also approved the reconstitution of various committees, including the Audit Committee, Stakeholders Relationship Committee, and Risk Management Committee, effective August 5, 2026. Additionally, the appointment of Dr. Deepak Kumar Mohanty as Non-Executive Independent Director and enhancement of commission for Independent Directors were approved via postal ballot. The company also approved the appointment of two individuals as Senior Management Personnel.

Indian Metals & Ferro Alloys Ltd (IMFA) announced a record-breaking performance for the quarter ended June 30th, 2026 (Q1 FY27). Revenue surged to ₹960.45 crore from ₹641.54 crore in Q1 FY26, driven by higher volumes and firm prices. EBITDA stood at ₹281.27 crore, a significant increase from ₹125.47 crore in the prior year period. Profit After Tax (PAT) more than doubled to ₹191.49 crore from ₹91.48 crore. The company's Greenfield Project (KNR 1) is on track, with the first furnace expected to start production in August 2026. The KNR 2 project is fully operational. An ethanol project is nearing completion, and a new 65 MWp hybrid energy arrangement will increase renewable energy consumption to approximately 40% by mid-2027. Management highlighted the strategic acquisition and operational efficiency contributing to the record results.

IMFA's consolidated revenue hit a record ₹960.45 Cr in Q1 FY27, up 49.7% YoY (₹641.54 Cr) and 25.8% QoQ (₹763.29 Cr). Consolidated PAT of ₹192.59 Cr (₹192.34 Cr owners' share, EPS ₹35.65) more than doubled YoY (+108.1%, from ₹92.54 Cr) and rose 86.7% QoQ (from ₹103.16 Cr) — the standalone print is nearly identical at ₹191.49 Cr PAT on ₹960.45 Cr revenue, confirming the group-level and standalone stories match with no material divergence. Net margin expanded to 19.8% of total income from 14.0% a year ago and 13.4% last quarter, while the operating (EBITDA) margin jumped to 29.3% of revenue from 19.6% YoY and 20.8% QoQ. The expansion sits almost entirely in the ferro alloys segment, whose result more than doubled to ₹260.40 Cr from ₹118.31 Cr a year ago on higher output and firmer prices, while Power and Mining stayed roughly flat to marginally loss-making. This matches management's own framing in its press release — record performance "on account of higher ferro chrome output, boosted by the strategic acquisition, and firm prices coupled with a continuing focus on operational efficiency" — the segment numbers bear that out directly. The print also validates the outlook management gave on the Q4 FY26 call, where it said it expected higher margins and prices in Q1 FY27 versus Q4 FY26 on increased output and strong industry fundamentals; the ~840bps QoQ jump in OPM confirms that call was met, not just directionally but by a wide margin. No formal Street PAT estimate for this specific quarter could be confirmed via search — preview commentary flagged only a qualitative expectation of a sequentially better Q1 on realisations of roughly ₹118-120k/tonne, consistent with what was delivered, but without a hard number to grade a beat/miss against. Concurrent with the results, the Greenfield project received its Consent to Operate (24 July 2026) and the company signed a ₹110.18 Cr captive renewable power equity agreement payable in tranches to June 2027, both aimed at the next leg of capacity and cost efficiency rather than this quarter's numbers. Going into Q2, management's own guidance is for a quarter "similar to Q1," with the Greenfield project targeted for full commissioning and stabilisation by Q3 to push operating smelting capacity past half a million tonnes, and the KNR1/KNR2 and renewable-power ramp-up expected to add further cost benefits through FY27.

Indian Metals & Ferro Alloys Ltd has announced that its Board of Directors will convene on August 4, 2026. The primary agenda item is to consider and approve the unaudited financial results, both standalone and consolidated, for the quarter ending June 30, 2026. The company has also informed that the trading window for designated persons has been closed from July 1, 2026, and will reopen on August 6, 2026, to comply with SEBI's insider trading regulations.

Indian Metals & Ferro Alloys Ltd (IMFA) has announced a significant milestone for its greenfield ferro chrome project in Kalinganagar. The company has successfully obtained the Consent to Operate (CTO) and Factory License for its KNR 1 expansion project. Following this, IMFA plans to initiate the process of switching on the first furnace next week. The company anticipates the first tapping of hot metal around August 15-20th, marking a crucial step towards commencing commercial operations for this expansion.

Indian Metals & Ferro Alloys Ltd (IMFA) has released its Annual Report for FY 2025-26, detailing significant progress in its strategic initiatives. The company reported improved ferro chrome realisations, stable costs, and enhanced operational efficiency, leading to stronger financial performance. Key developments include the steady advancement of the Kalinganagar greenfield expansion towards commissioning, the successful operationalization of a strategic acquisition in Kalinganagar with all four furnaces active, and the near-completion of its ethanol project, marking a new diversification avenue. These integrated efforts are expected to create a multiplier effect on volumes, efficiencies, and value creation, positioning IMFA for future growth.

Indian Metals & Ferro Alloys Ltd has announced its 64th Annual General Meeting (AGM) will be held on Tuesday, August 4, 2026, at 3:00 PM IST via Video Conference/Other Audio Visual Means. The agenda includes adopting the audited standalone and consolidated financial statements for FY 2025-26, confirming interim dividend, and declaring a final dividend of ₹7.50 per equity share. The meeting will also address the re-appointment of Mr. Bijayananda Mohapatra as a director and ratify the remuneration of the Cost Auditors for FY 2026-27.

Indian Metals & Ferro Alloys Ltd (IMFA) has announced the appointment of Dr. Deepak Kumar Mohanty as an Additional Director (Non-Executive Independent) to its Board. The appointment is effective from June 30, 2026, for a term of five years, subject to shareholder approval. Dr. Mohanty brings extensive experience as an economist, having previously served as Chairperson of PFRDA, Chief Economic Advisor at FICCI, and Executive Director at the Reserve Bank of India. He also has experience with the International Monetary Fund. The company affirms that Dr. Mohanty is not debarred from holding a director's office by any regulatory authority.